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Show THE UTILITIES MUST HAVE AN INCENTIVE i Ono ot tho most vital points In tho icgulatloiiB of tho public utilities utili-ties is found In the rate of return allowed on the Investment. Public utility rates should, I believe, bo not only bnsed upon the ratomaklng vnl-ue, vnl-ue, but also duo regaid to tho efficiency effi-ciency of tfie management In or- j der to be equitable and capnblo or yielding to tho comimiultloi set veil and to the utilities themselves, tho maximum or benefit, -, - Recognition of tho pilnclplc ntj-copteil ntj-copteil generally ns proper and right that tho seller shall be entitled to a large rproflt If by any device ho ca'a give to tho buyer a. lor value for tho unit prlc shou'd '"" npnlled In tho fixing of public u"lly r-to1". Tho greatest benefit to all concerned con-cerned cannot bo nttalncd If the, lit II-. II-. j Hy la restricted tln its earning capacity capa-city to a fixed rate ot return on tho physical valuo f its plant nlonc, bo- causo when a given utility lias reach-cd reach-cd its maximum earnings nllowcd milder mi-lder such tato, thoso who nio responsible respon-sible for its operation will naturally natural-ly relax their cjf 01 ts toward great-cr great-cr economies and greater vol u mo ot ' sale. Somo Incentive should be hold I up to tho management for further effort If tho community Interests ar-V to bo best protected. My experience with utility regulations regula-tions teaches me that somo broad gauged plan must be devised In order or-der to encourage the construction of new utilities In many communities communi-ties not now served and to encourage present utilities to reach tho maximum maxi-mum of efficiency In operation, which also tends to a lower average price of its product. H. H. Corey, Oregon Public Service Commissioner. by Januaiy 1, 1919, nnd tho dlstiict boards throtihgout tho country wero so notified. It now seems that, ow-lng'to ow-lng'to the fact that this troublcsomo Infection has spread throughout almost al-most the entire 'country, It may not bo possible to cany out this program on time. It nppearn bowover, that tho medical authorities nro meeting with much success in dealing with tho maladj and it 13 clilnu'd that .the leal crisis has boon p.tse.l In . I ninny section of tlo country, If so, ' tho delnj in completing the physl-! 'cal examinations of these newly drafted men and getting them Into tho cantonments inay not bo seilous'. While tlioio IS much talk In Ill's count! y about peace, our nrmljs In Trance ovldently do not expect tin early poire slnco (hey are planning ip' ppond Christmas In Franco, nnd 'regulations covering tho matter ot their Christmas pneknges hive nhen-Jdy nhen-Jdy bebfi announced.' A1I such parlc-jages parlc-jages should bo sent before November Novem-ber 20th. An ofllclal coupon, which mUst be pasted on each package, will bo glen to each soldier, to bo sent by him to the relative or ft lend Mrk homo from whom n packago U c-pected. c-pected. Every soldier will bo entitled. en-titled. to just ono packago fiom America, Am-erica, and such packago must not b? larges than 9 by 4 by 3 Inches,- nnd Its weight must not oxoecd three pounds. Tho official organ of tho American Army In France, TJio Start) and Stripes, Is endeavoring to plan a suitable Christmas package wltnln the official limitations nbovo Indicated. Indicat-ed. Tf will bo very difficult Indeed. In many Instances, for tho friends and relatives to pack Into such a small bundle all of the tokens of at-, at-, fectlon and good- will that thoy desire de-sire to send; however the regulation regula-tion Is evidently a wise and necessary neces-sary one, and certainly seems to be perfectly fair for all concernod. Our toldler boys will look forward with keen anticipation to these Christina boxes, and It would be a sad thlug Indeed If a single one of them failed to receive such a remomb-ancb. |